Do APA Corporation (NASDAQ: APA) Fit In A Value Investing Philosophy?

Currently, there are 370.89M common shares owned by the public and among those 368.88M shares have been available to trade.

The company’s stock has a 5-day price change of -5.37% and 1.91% over the past three months. APA shares are trading -7.58% year to date (YTD), with the 12-month market performance down to -18.06% lower. It has a 12-month low price of $29.47 and touched a high of $46.15 over the same period. APA has an average intraday trading volume of 6.96 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.10%, 3.48%, and -9.84% respectively.

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Institutional ownership of APA Corporation (NASDAQ: APA) shares accounts for 68.16% of the company’s 370.89M shares outstanding.

It has a market capitalization of $12.30B and a beta (3y monthly) value of 3.29. The stock’s trailing 12-month PE ratio is 3.58, while the earnings-per-share (ttm) stands at $9.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.06% over the week and 3.07% over the month.

Analysts forecast that APA Corporation (APA) will achieve an EPS of $APA Corporation for the current quarter, $33.16 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Air Products and Chemicals, Inc while analysts give the company a high EPS estimate of $AAA. Comparatively, EPS for the current quarter was $Plains All American Pipeline, L a year ago. Earnings per share for the fiscal year are expected to increase by 1.87%, and 11.10% over the next financial year. EPS should shrink at an annualized rate of -7.00% over the next five years, compared to 145.22% over the past 5-year period.

Looking at the support for the APA, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on April 10, 2024, with the firm’s price target at $40. Citigroup was of a view on November 22, 2023 that the stock is Neutral, while Bernstein gave the stock Mkt Perform rating on October 17, 2023, issuing a price target of $51- $50. The Benchmark Company on their part issued Buy rating on July 13, 2023.

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